City Bank chairman to purchase 2.25 lakh shares

Hossain Khaled, the newly elected chairman of City Bank, has announced his intention to purchase 2.25 lakh shares of the bank at the prevailing market price from the Public Market within the next 30 working days, according to a disclosure by the Dhaka Stock Exchange (DSE) on Monday.

Khaled was elected chairman of the bank's Board of Directors in July this year, a move that was earlier confirmed by the company through a corporate filing.

Today, City Bank's shares closed unchanged at Tk25.40 each at the DSE.

Earlier, the bank reported improved financial performance in the first half of 2025. Its consolidated earnings per share (EPS) rose to Tk2.23 for the January–June period, compared to Tk1.85 in the same period of 2024. For the April–June quarter alone, EPS stood at Tk1.55, up from Tk1.16 in the previous year.

The bank also reported a sharp rise in operating cash flow, with consolidated net operating cash flow per share (NOCFPS) standing at Tk18.04 for January–June 2025, compared to Tk2.87 a year ago. Consolidated net asset value (NAV) per share increased to Tk35.60 as of 30 June 2025, up from Tk34.26 at the end of December 2024.

According to the company, the improvement in earnings and cash flow was driven by higher investment income from government securities, which offset declining net interest income and helped absorb higher operating expenses. Increased customer deposits and borrowings also boosted liquidity, resulting in stronger cash flow.

For the year ended 31 December 2024, the board has paid a 12.5% cash dividend and a 12.5% stock dividend for shareholders.